After backing and funding Bluesky when he was CEO of Twitter, Jack Dorsey has left the board of the social network.
Memecoins’ mass appeal makes it valuable to DEXs: Kain Warwick
Memes might be the “most simplistic connection” between financialization, tokenization and culture, says Kain Warwick.
Jack Dorsey’s Block to use 10% of Bitcoin profit to buy BTC every month
Block, Inc. co-founder Jack Dorsey told shareholders its Bitcoin-buying plan, saying its an “investment in a future where economic empowerment is the norm.”
Block, Inc. Q1 results top estimates, shares jump after-hours
Block’s first-quarter 2024 results beat Wall Street analyst estimates on earnings and revenue which saw its share price surge after the bell.
Changpeng Zhao’s 4-month sentence a ‘general deterrence,’ says lawyer
CZ’s charges are serious, justified, and “sent a message” to the industry that compliance “must be taken seriously,” says lawyer and RMIT lecturer Aaron Lane.
Fantom bets on ‘safer memecoins’ with launch of $6.5M dev fund
Fantom Foundation CEO Michael Kong hopes the blockchain can “replicate the success” of its peers by getting in on the memecoin hype.
DOJ’s Tornado Cash arguments show ‘obvious disdain for privacy’ — Lawyer
DeFi Education Fund’s legal chief said the prosecutors’ arguments against Roman Storm’s motion to dismiss were “filled with technical inaccuracies.”
SEC sues Bitcoin miner Geosyn, accusing founders of $5.6M fraud
The SEC alleged Geosyn Mining’s co-founders misappropriated $1.2 million of its investors’ funds, spending it on holidays, nightclubs and firearms.
Solana sees ‘dramatic increase’ in institutional portfolios: CoinShares
CoinShares found a significant increase in hedge funds and wealth managers survey respondents who have allocated to Solana compared to earlier this year.
‘Buy Bitcoin’ sign that photobombed Janet Yellen sells for $1M
The original scrawled sign was auctioned off by “Bitcoin Sign Guy” Christian Langalis for 16 BTC after apparently sitting in his sock drawer for years.
Meta drops 15% on weak outlook and high AI and metaverse spending
Meta shares dipped after a disappointing Q2 revenue outlook and plans to spend nearly $100 billion this year as it aims to “invest aggressively” in its AI products.
DeFi’s ‘unknown and unpredictable’ risks curb institutional use — Fireblocks VP
Institutions are keen on DeFi, and its use among them is growing, but on-chain risks are hamstringing further adoption, says Fireblocks’ Shahar Madar.
‘Tens of millions’ to enter Web3 through gaming in 2024 — GameFi execs
Gaming studio founders Yat Siu and Johnson Yeh think more people are coming to Web3 next year — and blockchain games are why.
More firms set to add Bitcoin to balance sheets after major rule change
The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy.
SEC serves suit to evasive Richard Heart in Finland, but not in person
The suit was served via an alternate method, as process servers were unsuccessful in contacting Richard Heart in person for months.
Don’t panic: Only 11 of 330 Elizabeth Warren’s bills have ever passed
Support for the Digital Asset Anti-Money Laundering Act is growing in Congress, but most bills sponsored by legislators never become law.
Google updates policy to allow ads for US crypto trusts
Google will allow ads for U.S. based-crypto trusts from January, with the change seemingly coming in the same month that spot Bitcoin ETFs are predicted to be approved.
Celeb NFTs and cringy ads — Analysts share their signs of a Bitcoin peak
With a major rally expected sometime in 2024, industry watchers have shared the top signals they look for to indicate when crypto has reached peak euphoria.
El Salvador unveils BTC ‘Freedom Visa’ — but it’s 10x the cost of others
The same citizenship-by-investment schemes in nearby Caribbean nations start at $100,000, and one EU country has a citizenship pathway for just over $800,000.
Binance founder CZ must stay in US until February sentencing, judge orders
Former Binance CEO Changpeng “CZ” Zhao has been ordered to remain in the U.S. while awaiting his sentencing in February.